Paula Kidd, an analyst for Barclay, recieves the following CHF to USD quotes:
Spot exchange rate:
Bid rate CHF 1.0020 / USD
Ask rate CHF 1.0030 / USD
6 months forward -10 to -12
Calculate outright quotes for bid and ask for the 6 months forward
A) Forward bid = CHF 1.1010/USD ; Forward ask = CHF 1.1218 /USD
B) Forward bid = CHF 1.0018/USD ; Forward ask = CHF 1.0010/USD
C) Forward bid = CHF 1.0010/USD ; Forward ask = CHF 1.0018/USD
D) Forward Bid = CHF 1.0030/USD ; Forward ask = CHF 1.0042/USD